A rental is considered to be an income producing property, so the house could then be sold utilizing all the normal and regular capital gains tax rules.

You may be required to have a sign out, that could mean an office, you'll probably need regular office hours, business phone for the public (as well as regulators).

On the same property, there is a brick 4 unit and 2 separate duplexes for 8 units total included in the deal.Below is the P&L the realtor just sent me, along with the rent roll.To me, right off the bat it seems like they are really low balling the expense side of things (not taking out for vacancy (though they claim vacancy is never more than 1 month, so should we remove 8%?) 

Is tenant responsible for landscaping and/or snow removal?

See what is affecting their credit score, is it reluctance to make regular payments?

I have read multiple books and also attend REIA meetings regularly, but I wanted to reach out to the local and larger community on here to see:*Where are you all finding the most success locating motivated seller leads and also buyers for those properties who can then become a consistent purchaser?

I'd say 100k is a safe number, with a hoarder, you might need to remove down to the floor joist.

Manufactured homes don't appreciate like regular homes.

This method is not regular financing, and you wont be speaking with any loan officers, but you could still purchase the home, get the title in your name, and have a real closing.

(I.E. squatters, fires, and the demo costs if the city when the city requires you to remove it after say year 15 due to its dilapidated condition.)